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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
REVENUES:        
Room revenues $ 230,081 $ 238,758 $ 669,422 $ 692,893
Franchise and other fee-based revenues 30,026 28,504 80,196 75,558
Other hotel revenues 4,895 5,173 14,744 14,686
Revenue from leased and owned hotels 265,002 272,435 764,362 783,137
Brand marketing fund revenues from franchise properties 7,310 6,668 19,276 17,960
Total Revenues 272,312 279,103 783,638 801,097
OPERATING EXPENSES:        
Direct lodging expenses 108,649 105,268 311,139 302,775
Depreciation and amortization 36,048 42,194 110,973 126,170
General and administrative expenses 29,572 33,930 86,451 98,797
Other lodging and operating expenses 14,872 17,165 45,848 49,122
Marketing, promotional and other advertising expenses 15,566 19,230 55,853 57,034
Impairment loss 1,058 1,823 100,618 44,321
(Gain) loss on sales (2,048) 85 (2,770) 4,088
Operating expenses 203,717 219,695 708,112 682,307
Brand marketing fund expenses from franchise properties 7,310 6,668 19,276 17,960
Total Operating Expenses 211,027 226,363 727,388 700,267
Operating Income 61,285 52,740 56,250 100,830
OTHER INCOME (EXPENSES):        
Interest expense, net (20,427) (20,970) (61,019) (65,932)
Other income 1,188 719 2,288 1,298
Total Other (Expenses) Income, net (19,239) (20,251) (58,731) (64,634)
Income (Loss) Before Income Taxes 42,046 32,489 (2,481) 36,196
Income tax (expense) benefit (19,362) (15,406) 1,359 (17,366)
NET INCOME (LOSS) 22,684 17,083 (1,122) 18,830
Less: net income attributable to noncontrolling interest (18) (25) (138) (293)
Net Income attributable to La Quinta Holdings’ stockholders $ 22,666 $ 17,058 $ (1,260) $ 18,537
Earnings (loss) per share:        
Basic and diluted $ 0.20 $ 0.13 $ (0.01) $ 0.14